U.S. House Probes Trump-Linked Crypto Firm World Liberty Financial Over Foreign Investment and Stablecoin Use

A U.S. House investigation is examining whether World Liberty Financial, a crypto venture associated with President Donald Trump, became entangled with foreign sovereign capital and sensitive U.S. technology policy concerns. The probe follows a Wall Street Journal report alleging that an Abu Dhabi–linked entity secretly agreed to acquire a 49% stake in World Liberty Financial for approximately $500 million shortly before Trump’s inauguration in early 2025.

Representative Ro Khanna, the ranking member of the House Select Committee on the Chinese Communist Party, has formally requested extensive documentation from World Liberty Financial. The committee is seeking ownership records, payment details, internal communications, and compliance materials, citing potential conflicts of interest, national security risks, and implications tied to U.S. export controls on advanced AI chips.

Central to the inquiry is whether portions of the reported investment, including a possible $187 million, flowed to Trump family–related entities or affiliates connected to the company’s co-founders. Lawmakers are also demanding capitalization tables, profit distribution data, board appointment records, and due diligence documents related to Aryam Investment 1, the vehicle named in media reports as facilitating the Emirati investment.

Another major focus of the investigation involves World Liberty Financial’s dollar-pegged stablecoin, USD1. According to reports, USD1 was used to settle MGX’s $2 billion investment in Binance, one of the world’s largest cryptocurrency exchanges. The House committee is requesting information on why USD1 was selected for the transaction, how much revenue the stablecoin generated, and whether company officials were involved in discussions surrounding the later presidential pardon of Binance founder Changpeng Zhao.

The committee has also instructed World Liberty Financial to preserve all electronic communications and internal policies related to conflicts of interest, export control compliance, and dealings with entities linked to the United Arab Emirates or China. World Liberty Financial has been given until March 1 to provide the requested materials, as the investigation continues to assess potential risks at the intersection of crypto finance, foreign investment, and U.S. national security.